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ELA-ceiling for Greek banks

23/06/2016 - Press Releases

On 22 June 2016 the Governing Council of the ECB did not object to an ELA-ceiling for Greek banks of €65.0 billion, up to and including Wednesday, 29 June 2016, and to a further lowered ELA-ceiling for Greek banks of €61.1 billion from Thursday, 30 June 2016, up to and including Wednesday, 6 July 2016, following a request by the Bank of Greece.

The overall reduction of €7.0 billion in the ceiling reflects an improvement of the liquidity situation of Greek banks, amid a reduction of uncertainty and the stabilization of private sector deposits flows, the progress achieved in the restructuring of Greek banks, as well as the impact of the reinstatement of the waiver.

 

 

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